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The price traded closer to the last swing low of $10.13 where it managed to find bids, and there is also a bullish candle formed around the same level. The price is trading higher, but facing resistance near the triangle upper trend line, which is acting as a hurdle for the ETH bulls. As long as the price is below the trend line, it won’t be easy for ETH to gain further.

Moreover, the 23.6% Fib retracement level of the last drop from the $21.10 high to $10.13 low is also intact, which can be considered as another resistance on the upside. If you are positive, then you can even consider buying with a break of the trend line resistance, but with a stop of not more than 1-2 points.

Hourly MACD – The MACD is mostly flat, suggesting that the price may trade in a range for some time.

Hourly RSI – The RSI has moved below the 50 level, which is not a good sign in the short term.